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tv   Up W Chris Hayes  MSNBC  January 29, 2012 8:00am-10:00am EST

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to meet with farmers that grow our sweet potatoes and merchants that sell our product. vo: get the card built for business spending. call 1-800-now-open to find out how the gold card can serve your business. i'm oakland police arrested an estimate 300 people. two days before the florida primary rick santorum left the state to be with his daughter who has been hospitalized. herman cain. playwright esther host of "wake up call" here in new york.
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elise jordan, former speechwriter for secretary of state condoleezza rice. former contributor to national view and the daily beast. victoria difrancesco, faculty fellow at the university of texas. it is great to have you here. there's a lot to talk about. particularly as pertaining to the republican field entering a fair to say make or break battle in florida. particularly for newt gingrich trying to challenge mitt romney to be the nominee. the seesaw game in florida tipped in the direction of romney particular loefr the last week or so. to give you an idea how double play and down this last week has been, take a look at this real clear politics which i can never get out on air. taken the average data of five gop presidential primary polls. from that we can see newt gingrich went from being ahead by seven percentage points from being down eight percentage points. what's had a happened in that time in between is the gop establishment has come out en masse in support of romney. to drive the stake through the
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heart of the are gingrich campaign, the romney camp released an attack ad against gingrich high legging his ethics allegations. an excerpt from an nbc news broadcast. >> newt gingrich who came to power after preaching a higher standard in american politics, a man who brought down another speaker on ethics accusations, tonight he has on his own record judgment of his peers, democrat and republican alike, by an overwhelming vote they found him guilty of ethics violations and charged him a very large financial penalty and raised several of them raised serious questions about his future effectiveness. >> that clip from which we took directly from "the nightly news" is being used by an ad by romney. what i think is so fascinating here and victoria, i would like to you weigh in on this since you are a political scientist by training, there's been debate on the internet about this book by
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who "the party decides," primaries fundalliment rik establishment. they decide who the nominee will be. there has been this, i think, split particularly when people following this race about whether that holds true here or whether we will see a genuine insurgency. i feel like the establishment of the gop has come down like a ton of bricks in the past week to do everything possible to stop newt gingrich of being the nominee and right now it looks like it is working. of course, this is the second time that they have done and it newt was able to come back from the dead the last time. what's your feeling watching this in terms of the legitimacy of that as the predictive theory for how to nominee is companiesen? >> historically note we know the establishment matters. but two years ago, 2010, the election, we saw all of the rules change. everything was just thrown out the one dough. so we have to take this 2012 election and the 2010 election, tea party. have you this mobilized base, disgruntled base of folks that said you know what, we are not happy with the president right
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now. for whatever reason and we will make sure our voice is heard and we don't care if it -- that's what we are seeing. newt gingrich is the perfect person to do that. because he's not going let go. he will keep on fighting and he will keep on giving them that -- >> he the perfect person to do it by disposition but not by biography. he gives $3 million a year giving speeches on policy. living inside the beltway. the only times i have ever seen newt gingrich in person are at greenrooms at cable news stations. this is not exactly like -- >> his narrative, i don't mean this in an offensive way, but he is a performance artist. he is a fabulous performance artist. it really doesn't matter what you are. it is what you appear to be. he appears to be a very angry populist man at the people. >> newt matters because he makes mutt better. it is like -- >> that's a fascinating point.
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elabora elaborate. >> "you make me better." up until particularly the floor of the debate, mitt was really kind of sort of the aristocracy average. newt forces to him elevate his game and newt is that brawler, boxer who is -- it may be the very last punch he will ever throw but will try to land neanderthal. >> here is the question i want
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to ask you actually about your experiences. i-want to follow up on this point. that's a great and very astute point. there is a peril to barack obama in 2008 which is people forget he was -- did not do very well in a lot of those debates. there is an endless series of debates. people said he couldn't throw a punch. there are opportunities where you could have, you know, stuck it to hill hill. i he clearly didn't relish that role. but the number of debates and the combativeness and political dexterity of hill hill in forcing confrontation have been made him a much better debater. i mean, i think it is -- generally accepted that he came out of that far better at campaigning and debating when he went in. >> romney was a changed man on thursday night. he is just going out and punching and it also with newt, with the whole -- it brings up this weird issue of class warfare within the republican party. because newt is almost, i think, jealous of romney having like uber wealth and newt is a
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post-politician political-style wealth. they are making -- >> more like average joe millionaire. >> he's -- yeah. this weird class warfare that come out and naught is trying to attack him for a blind trust, they are talking about blind trust in a republican debate and it just hits level of just so bizarre and you realize that there is an anger within republicans even. >> on are they going to turn out? >> romney will be the nominee, you know if i were a betting woman. i would put my money on romney. if s this base going to hang on to people hanging on to newt? he may be down in the polls but still has 18% of those votes. nationally he is still up. florida, he's down. but he is up by four points nationally. what's going to happen with them? are they going to turn out just stay home? >> newt -- newt believes that he's the better candidate than mitt romney. no natd matter what the establit is. >> right, right. >> the fact that -- fact that
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his belief carries his conviction in the debates, he comes to the debate with this specificity, clarity and conviction, that's given him an authenticity where mitt was kind of flip-flopping all over the place. now, mitt has taken over that curveball and the fact that -- mitt romney will take florida is not going to impact the bruiser of newt moving through the primaries undeterred. >> that's the question. i think it has to do with two things, momentum and money mome. it would be to parlay the momentum that's coming out of the south carolina victory. into florida. if he will to win tuesday i think we genuinely have a whole new race. it -- the -- really is something new. if he loses the request is does he fade away? does he establish -- does the establishment rally behind romney? does billionaire -- here is another $20 million. keep going. i like what you are up to. that seems to to be the
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operative question. >> he is not letting go. it is his mission. >> absolutely not. >> the thing about gingrich is he's going the drive the agenda. he may recognize he's not in it to win it but i will make mitt romney talk about what i want him to talk about. >> we are talking about the moon from now until april. >> i think that newt gingrich has been so distrek tough to the republican party, just the fact that he had the audacitying to suggest that poor preaching children should be januarytors. he was not talking about rich kids or middle class kids. he was suggesting that poor children are -- that they need to do that for whatever reason. i just think it is horrible and that statement alone republicans should be just appalled. >> isn't that the foot -- i'm not speaking from inside the tent. it also seems to me that's part of the -- other side of the coin of his appeal. i mean the "new york times" are in a great -- ran a great piece today. it is in the paper today about newt gingrich's appeal and he is
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appealing to the emotional visceral anger discontent of the royal republican base. i want to get your thoughts on that. congressman, i-want to hear how you navigate the tricky world of giving endorsements. [ male announcer ] drinking a smoothie with no vegetable nutrition? ♪ [ gong ] strawberry banana! [ male announcer ] for a smoothie with real fruit plus veggie nutrition new v8 v-fusion smoothie. could've had a v8.
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talking about how wonderful it is to have two southern others our program here today. congressman the reason i want to come to you was -- watching the mechanics that i -- that we were discussing in terms of the way in which primaries negotiated between the base and the party elites and party establishment and donor class and sitting politicians, what's been interesting to see this coordinated wave of -- of
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elected officials, bob dole coming out and writing an open letter, members of current members of congress, people that serve with newt gingrich, all coming out to say do not, do not, do not nominate newt gingrich. this would be a disaster. how do you negotiate as an elected representative when you have a very contested, intense primary in your own party as there was in 2008 the democratic side, how do you negotiate the politics of that. >> well, it is difficult especially when you have friends, both are friends. i'm friendly with the clintons and nobody drives us more than hillary and bill clinton. but i was taken with barack obama and barack obama was, i think, generational figure. and he was in 2008 and i think he still is. and so it made it difficult. the politics of it in my district is barack obama's -- hillary both were popular for barack was more popular. amazing in this situation you have people like sarah palin and cain jumping on what i would consider the titanic. i'm not booking the -- passage, you know. travel agent. >> right. in terms of sarah palin is now
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clearly lined herself with the newt gingrich campaign. herman cain endorsing gingrich yesterday. sit a calculation -- sketch out what are the factors involved. personal feignty, it is a political calculation about where your district is and calculation about where your -- connections and friends and donors are. i mean, how do you sort of compute all of that as you are deciding? >> it is all of that. i mean, you have a -- to consider where your constituency is and that's the main thing when you are an elected official. have you also got to take your heart. and sometimes the two things go together and sometimes they don't when they don't go together you have to make a real profile and encourage decisions sometimes. when i go together like politics and policy go together best of all possible worlds. >> if you were a republican right now, would you be doing the same thing? would you be going around warning the -- your electorate newt gingrich would be a disaster? >> i think it would be what kind of republican you are and this is the cocktail party republicans versus tea party rechs and tea party republicans they just -- love paul revere
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and found the alarm and i don't know if -- if they are tuned in to electoral politics. they would love to have their preside president. newt is not going to quit. tea party will not quit. they will not fall in love. when you get the situation we have now, where have you the tea party people behind a twice divorced roman catholic who is admitted to adultery, being financed by two jewish people in the casino business, you can see that they are not real wild about having a mormon as the head of the ticketed or african-american as president either. >> as john mccain made the point that there was some in the south carolina result that were some sort of -- mormon backlash. it seems to me newt gingrich is a right person at the right time to just sit there and collect all of the anti-romney sentiment from whatever, you know, whatever the motivation of the base is. >> well, you mean p. polling after the south carolina primary and it showed, i think, if you -- religious belief was
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important to you favor newt over romney. so i think within south carolina, certainly religion was sadly still very much an issue. and i just -- i think right now he's just the repository of all of this anger. and that's what's upsetting because he doesn't represent an ideas-driven movement. he represents anger which is really scary in a very negative spiral. i think for the republican party, to purchase zblu there is a power to the anger because that's what created the tea party. that's what newt incorporates. so that -- there was an entire segment of the population that fields a connection, complete understanding, and through listening to newt. through hearing what he is saying and that's the point i want to make. stick it to him, newt. there is a real specific channelling of the anger and feeds that. it feeds him, too. so -- honestly, we need newt to keep the debates interesting. >> also, there is positive anger and there's negative anger. >> i'm not saying the anger is positive. i'm saying it is powerful.
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>> anger is -- >> which is different. >> thursday night we saw mitt romney, he took the gloves off and did great at the debate. but before then, he had been -- flattering. it was newt gingrich who really was the power player and i think that there was a lot of hunger in south carolina primary and in general to see somebody who could go toe to toe with barack obama. i think that also fueled it. between want to see somebody can have that matchup in november. >> that's clearly the source of a lot of his appeal. in fact, his -- i think his main campaign selling point is he -- stump speech line about i will challenge obama to 95 lincoln/douglass debate and i will even let him use a teleprompter. that argument is -- it is hard to sell that argument if why you do very well -- like thursday night. sort of self-refuting going around saying the reason you should elect your nominee is how great i am as a debater and had a really bad debate. >> i think that thursday night,
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really helped romney a lot because he showed that he had thing in his core and had fire in his belly which had been so miserably lacking by playing it so -- being so poll tested. ing the fact he could get up there and show anger because people really -- republicans want ideas. they want the same kind of -- look at barack obama's success. he started a movement. it was -- it was hopeful and change and it was this and that. they want to -- i mean, they need a similar kind of inspirational figure. >> that's a question. do they want ideas or do -- and -- that relates to something i want to talk about next which is ---ing where the gop is with regards to latinos in this country and that's been front and center. we will talk about that right after this. i had enough of feeling embarrassed about my skin.
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placed in front and center it is a campaign moved into florida where more than one in five residents latino. gop has an uphill battle for some obvious reasons. mitt romney has said he would veto the dream act except for the portion that gives young people citizenship in return for military service. now the gop is in florida and candidates need to be -- need to tran if i cannily throw the rhetorical card in reverse and back out of the electorate debt a driven down through new hampshire and south carolina. there is a moment in thursday night's debate, i thought, perfectly embodied the awkwardness of the gop field as they attempt to pull off this. they have been traipsing around different states where the electorate they are speaking to is entirely white, all of a sudden they have to make a switch and the -- they were -- you know, offering in the earlier states is no longer -- they can't quite do that.
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it reminded me moment i-want to play from the debate, first i want to play this. it reminded me of this sketch. check it out. >> okay. here's how this segment will work. you will have 30 seconds to name 20 white people. you have to name 20 white people in 30 seconds. are you ready, rachel? 30 seconds on the clock. and away we go. >> okay. amy poehler, seth myers, lauren michaels. >> correct. >> daryl hammond. >> correct. >> i only have five seconds? >> yes. >> no! i'm up. i'm dead. my brother. >> time. did she get it? no! you couldn't name 20 celebrities. >> gop candidates, can you name 20 latino politicians in 30 seconds. go. >> marco rubio is an impressive
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guy. >> i actually thought about marco rubio. >> brian, martinez, new mexico. both of the brothers. martinez. gutierrez. >> i will give a shout-out of governor rotino. >> with this -- it was sort of like -- lowest denominator pandering. you understand because it's politics. it seems like mitt romney was calling to mind latino -- do you -- do the awkwardness of the tone strike you as you are watching this debate that this -- this outreach which they are now pivoting to do because they understand what the electoral map? but they have all the baggage built up from what they have been say and all the other states. >> you know, they don't have that much baggage to deal with in florida. they will have going forward. florida is an interesting state. because it is the exception that confirms the latinos.
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latinos generally are democrats. with the exception of -- florida. of cubans and florida. this is historical reasons. the folks that came over from cuba in 1959 and thereafter playing communism and they -- came under the republican tent, whatnot. but what we see here is a very strong republican support among cuban americans. cuban americans are slightly more than half of the latino electorate. 51%. pretty solid republican vote there, too. so for these folks immigration isn't an issue. have you citizenship. your grandparents have citizenship. it is not an issue. i'm not saying cuban americans don't care and they -- they want to deport everyone. but it is not a big issue to them. and then you have the puerto rican population growing. among that population we are starting to see democratic leads. in the general, we are going to see latinos play a much bigger role. for the primary cubans dash
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republican. >> here's the -- to me is interesting. you wrote a good piece for "the nation" magazine that i liked and good check for me. i can fall in this trap as well. latino voters are human beings who care about many issues and not just immigration. like all other people, like other all citizens and the economy in the polling you have been doing is now outranks immigration on tissue. but to me there are these -- kind of two things you need to distinguish. issue set. substantive about the economy and foreign policy, whatever it is. health care. and then there's the -- cultural vibe, republican party gives off. right? there's the rhetoric if -- it engenders and i think what it seemed to me is whatever the substantive concerns are, even if you think, you know, we need to balance a budget it is hard to go along with a party you feel is fundamentally hostile to people like you. right? >> that's why we are not going to see any move by the republican party and the n the kuenn -- go towards latinos. this is not the bush era. bush was very friendly to latinos.
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coming out of texas, they loved him. >> it is such a tragedy in 2006, immigration reform wasn't passed, bush, i mean, he was such a leader and understood the importance of republicans -- making it an encompassing party for everyone. jed bush -- >> his breast cancer, too. had an amazing op-ed in the post. let's not make this a cultural issue. let's focus on the economics and let's, you know, let's not make this about security. he said let's focus on the economic issues and educational reform. >> the trouble is making it about security also panders to a very specific base in the republican party. it just works as populist poverty. >> exact. >> i so because of -- >> appetite for. >> it absolutely. the appetite grows and gets bigger and is explosive. and so that's what's being fed. so you always have the difference between the culture of the republican party and the symbol of reaching out to -- symbolic reality reaching out to
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latinos and substantive power. how do you balance that? >> more after we take this break. ♪ he was a 21st century global nomad ♪ ♪ home was an airport lounge and an ipad ♪ ♪ made sure his credit score did not go bad ♪ ♪ with a free-credit-score-dot-com ♪ ♪ app that he had ♪ downloaded it in the himalayas ♪ ♪ while meditating like a true playa ♪ ♪ now when he's surfing down in chile'a ♪ ♪ he can e when his score is in danger ♪ ♪ if you're a mobile type on the go ♪ ♪ i suggest you take a tip from my bro ♪ ♪ and download the app that lets you know ♪ ♪ at free-credit-score-dot-com now let's go. ♪ vo: offer applies with enrollment in freecreditscore.com™. i'm giving you the silent treatment. so you're calling to tell me you're giving me the silent treatment? ummm, yeah. jen, this is like the eighth time you've called... no, it's fine, my family has free unlimited mobile-to-any-mobile minutes. i can call all i want. i don't think you understand how the silent treatment works.
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and a growing number of lower emissions planes... which still makes for a pretty enchanted tale. ♪ la la la [ man ] whoops, forgot one... [ male announcer ] sustainable solutions. fedex. solutions that matter. first, we will have a fence. >> the whole fence? >> we have to have a fence. i don't see how it is like texas, you don't know of texas, if you are an illegal alien you get in-state tuition discount. >> you have states in the -- big states of illegal immigrants are california, and florida. over the last ten years, they have had no increase in illegal immigration. we have to stop illegal immigration. that means turning off the magnets of amnesty, in-state tuition for illegal aliens, and -- employers that knowingly hire people that have come here illegally. >> that's -- little montage of mitt romney who we talked about quite a bit on the show. delighted in using immigration as his one of the few issues where we had applausably and
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credibly get to the right of his contest nantz the gop nominee battle. and rick perry specifically, i think, he made a tactical decision to go after rick pair i don't immigration because it -- it bought him tactical victories in the short term but might be a strategic error in the long run. victoria, i'm curious to hear what you think that kind of rhetoric with those dog whistles, amnesty and illegals to what extent he can walk that back or run away from it in the general election. >> first i want to address christopher for a second what he said in that excerpt about the in-state tuition. how come he didn't say jobs? the reason folks come here and they risk their lives crossing the border is because there are american employers that want to hire them. so this -- tough talk on immigrants toteley ignore-- tot ignoresing the fact they are coming here because there is a magnet here. he can't do a 180. the bush ear a immigration
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friendly candidate. but he will soften. he will soften up the edges. we saw it in iowa and he said he would veto the dream act. couple of days later, well, there is a caveat to that. i allow it for military service. we are going to keep seeing a bunch of caveats. that's the only way he will have to do it. i also think he might use surrogates to help him. the state level, some -- republicans, and he might -- mormon church because the mormon church is very immigrant friendly. very much believe in keeping the family together. and the free market and -- >> lot of latino mormons. >> that's the fastest growing demographic of the mormon church are latinos. in the united states. >> isn't part of it with mitt romney all politicians have to do some political positioning. some jockeying and shifting. and he's just not very sophisticated about how ever politically positioned himself. he seems to move very clumsily and hence this flip-flop term stuck to him. when he does start to pull back, because every politician does,
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as it moves towards now you are facing the president as opposed to newt and -- rick santorum you have a different conversation. but here's -- his lack of sophistication how he moves -- >> clumsy. i want to add there was a series that started this week, united states of unemployment. and it had -- talking to whole group of folk disparate range of people who had long-term unemployed. we are talking about how they were becoming more radicalized asing a direct result of the economy. so you have still the -- element of the republicans that only speaks to the most homogenous broadest elements of the latino base. it does not get into the real y realitypuerto rico ricans. it is a sophisticated space. when you look at the series happening online they are talking about jobs, the economy, foreclosure crisis and the
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disproportionate way impacting brown and black. >> you have done polling on this. you do polling on -- you -- what have you found? >> we have found that the number one issue for latinos is the economy. it is jobs. a report came out earlier this week saying that i think -- over 60% of latinos had -- either been unemployed themselves or somebody in their household had been unemployed in the last year. >> also in the politte said that illegal immigration has dropped 60% from 2006 to 2011. >> that highlights exactly why the issue of immigration as an issue is a kind of set of embedded cultural signifiers. it is about all sorts of
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nostalgia, no longer being a majority. there's all these things bound up in the concern that don't have to do with how many people came in 2009 and how many people came in 2010, 2011. that's the reason -- exact same reason residents. it does not resonate in iowa because of how large it looms as a substantive issue for everyone. right? it resonates because of what it signifies about what people's -- identity relationship is to the party. >> and also a threat because interestingly enough, in florida, we think florida, cubans. puerto rico ricans. there there is a growing mexican population coming into the panhandle and florida as agricultural workers. they are about 7% of the electorate so they don't have a political voice. however, they are making a wrestle politically because they have gotten large enough to create reaction to this. >> yes. >> anti-immigrant reactions of hey, are you taking our jobs? what's going on here? mexican americans are -- next
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answer are becoming an issue in practice and not just because of their power but because of the fear factor. >> that's one of the things we have seen across the experience of the south particularly is -- and the whole country which is that the police places where immigrants are the newest you are seeing most intense anti-immigration politician. the place they have been the longest, i mean, you don't -- people don't run in new york city, you know, they are not running on any sort of anti-immigrant platform. president obama, apple computers and the state of america. when we come back. [ female announcer ] experience dual-action power, with listerine® whitening plus restoring rinse. it's the only listerine® that gets teeth two shades whiter and makes tooth enamel two times stronger. get dual-action listerine® whitening rinse. building whiter, stronger teeth. c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down.
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apple's role in america's economy and american imagination about american supremacy and fears of american decline. mauer soon powell jobs, widowed of steve jobs, sat with michelle obama during the president's speech. president wanting to associate himself with one of the most popular brands in america and a lot of people a symbol of things america does right. and then in the republican rebuttal to the state of the union, indiana governor mitch daniels said this. >> contrary to the president's constant disparagement of people in business, it is one of the noblist of human pursuits. the late steve jobs, what a fitting name he had, created more of them than all those stimulus dollars the president borrowed in blue. >> jobs is -- last name and also jobs are jobs that you work at. just in case you missed that at home. mitch daniels was saying that. just so we are clear where mitch daniels is completely sort of embarrassingly wrong on this, apple employees 43,000 people in
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new york. 1.2 million from the stimulus. hard to see how it would be possible steve jobs created more jobs the recovery act. what's so important and interest sing the rhetorical battle about what apple means. what it means about the future of the american economy which to me is the central story line of this campaign. right? what -- the context of this campaign, i think, is broad anxiety about american decline and that's based on a cascade of instayusional failure the central feature of the last decade of american life and great recession and the -- grinding misery that it imposed on a huge amount of the population and the way horizons has been shortened. apple seems to represent both -- conception of american supremacy and the fact of american decline in this way. it is p most popular globe am brand, one of the most. had the most profitable quarter possibly in history.
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right? in the stock market. it is doing very well. it made shareholders a lot of money and the kind of thing you think only in america could have been made it combines northern california, boeheim an sensibilities and love and design and innovation and that's the -- the part of it that we hold on to and then the other part of apple is the 700,000 people that make apple computers entirely in china for very, very low wages and -- oppressive conditions largely. and mike is here at the table joining us again. it is rehey pleasure. first -- i want to say that you deserve a tremendous amount of credit personally because your show about the agony and ecstasy of steve jobs is about basic there conditions in the the factories in china that make our apple products which i own none of. i think you have single-handedly put this issue front and center in the agenda. you are -- what you did was really pioneering and i think "the new york times" and you did
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a piece for this american life which got a lot of play. when you survey thinking about this at this -- somewhat abstract level what apple means for the american economy, what's your feeling about what it represents about our future if apple is the future of the apple economy? >> we have an enormous amount invested in apple now. a lot of it is because of the devices. specifically iphones like there -- something that happened over the last four, five years smartphone evolved and people lived with their phones. it changes our relationship with them. none of it happened the way it had now if apple didn't have this dominant position in our economy. that wouldn't have happened without the iphone. i also think the emotional attachment we have wouldn't happen if we weren't living with the phones like literally bringing them into our beds to check things right before bed if. >> i have never done that ever. never. no, no, no. gosh. i mean, i never touch the phone. that's just me.
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ask my wife. she will tell. >> did you i'm sure. >> they -- but -- i do think that it ties to this really deep place. that's one of the reasons that everyone is -- hungry to put their statement open what it means. >> were you surprised to see steve jobs' life in the -- wife with the first lady? >> both sides keep looking for ways to use steve jobs' legacy and his legacy, you know, is this thing where depending on what part of it you want to talk about, you just pick the parts that appeal to you and talk about it. i don't think that either the republicans or democrats particularly are excited about the -- part of steve jobs' legacy that was on display in "the new york times" this week. you know. >> i want to you talk about that. i want to put up a chart about the u.s. manufacturing because so much of what the president has talked about and i think congressman, i would be curious to get your thoughts on this is about -- manufacturing jobs on
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the decline. percentage of americans employed in manufacturing and what you see is stark. manufacturing jobs declined quite rapidly. that's the story of -- that's part of the story of the american economy over the last 30, 40 years particularly as it -- in regards to the kind of economy we have now. kind of inequality we have now. i want to talk about what the legacy of that is, apple's involvement and what that means important the future when we come right back. [ male announcer ] how do you trade?
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we think we know where we are from. [ bleep ] there are dragons there. bit doesn't come from china.
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it is a city. and i am there. >> that's a -- brief cliff from "the agony and ecstasy of steve jobs." manufacturing has emerged -- central to the presidency, message. when you look at "the new york times" stories about the story of apple as a kind of symbol of the larger trends in the economy which was they had a good factory or used to produce products in california in the 1990s, decided it was too expensive and moved it to china and everything basically apple makes is now there. when you have to talk to your constituents about the economic future of the country, what's the story you tell them about how we move forward given the -- how our products are produced now and given the way this global economy works and relationship we have with china so dependent on their cheap labor? >> it has been a story of america and the president should make it in america which steny hoyer's main issue.
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we have to increase manufacturing and kroegman did a great job in "the times" two days ago dispelling what mitch daniels did. we can do better. a lot of what they have in china and might have been -- i'm not sure, talks about everything they have in one place. an economy that society can do that. we don't want to become communists or quote, unquote socialists but the government can and should help in trying to put areas together to where there can be a synergy that makes manufacturing in america easier and we give taxes and the government can help that. the government has a role. if he -- the free market theory and government doesn't help will never be automobile to be with china. what the president did in saving the jobs, the auto industry was so important to the ancillary industry and million-plus people producing cars, that was a wonderful thing that -- he accomplished in bringing jobs home to america and keep him. vault will be one of the bestselling cars next year. >> electric car that has come
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out by general motors. paul krugman got his nobel prize and did pioneering work in the ways in which there are increasing returns to clusters in industry. look at -- happens all the time. there is an amazing quite in "the times" article about apple that made this point. look, this was so fascinating about it. i thought "the times" piece, it actually isn't really the wages per se. the actual wages. the wage labor cost is a fairly small part of why manufacturing is located there. one of the aspects they said was if you need a gasket, if you need a thousand gaskets all of a sudden that's the factory 50 feet away. if you need to -- bunch of pipes if you need this or that, everything is there. it just is behemoth of industrial output. the -- >> location, location, location. >> exactly. this is what was interesting to me about this, two points. symbol versus substance. you have the symbol of the president -- essentially
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hijacking that narrative back of america's greatness when the jobs will come back to the united states. and the -- substantive reality of what apple actually is doing and that's the global economy, and their push for profit and some of the reasons listed in the article mean that. china represent this place of opportunity in addition to what the united states doesn't represent. so what was -- really interesting was the fact that one of the points in the article was about when apple was having trouble getting into japanese markets it went to the government to look for help to enter that market. so the essential conclusion was that in the help to -- advance a company then -- private organization looks for the help from the government. it wants to own it. not go the extra mile and think about the mark net that respect. it is a symbol versus substance of the issue. >> but i just think that it is short sighted to focus on manufacturing jobs. i think with steve jobs the brilliance was he was looking so
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forward. i think that's what everyone -- you know, the black and white argument, the good we focus on, not the dirty underbelly but his overall philosophy of looking for americans don't want to look backwards. americans want to look forward. and i think that with these manufacturing jobs you look at how in the -- article making tonight america and you could buy between you know, between this is one pack of a level one job you can never, you know, escape and get out of and move ahead just because the evering seg tore is so fundamentally changed. i think it is much bigger than that. i think it is -- fundamental shift in education within this country that we got to get back. >> that's the argument. >> number 26 in the entire world, world economic forum, america's 26th in education now. >> when you hear people -- this is an argument you hear across political spectrum particularly among the sort of establishment davos make this argument. the problem in america in education and we don't trade -- when you hear these arguments
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about china's rising supremacy and american relative decline, having been to the factory, what -- what does that provoke in you? >> well, it is really -- it is interesting because we are all talking here about like "the times" article makes the point that the -- one of the things that's so powerful is the synergy the company is right next to each other and give as an example of the fact that when new pieces of glass came in from the iphone screens they woke up all the workers at midnight out of the dormty torres and gave them a biscuit and cup of tea and set them working immediate ly. there are no labor standards. the reason you can have your workers on call at your beck and call any moment, so there's -- an interesting confluence where we are so impressed by their flexibility and how wonderful they are. it is also because we can make them do whatever we want. >> apple -- >> you know, that's -- >> right. that's a point. i want to talk about how we
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improve those standards and not just sort of talking about the chinese are taking our jobs. [ sponge ] the prognosis is bleak. you may need to soak overnight.
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it's important to get financial advice from people who share your military values. for our free usaa retirement guide, call 877-242-usaa. from new york i'm chris hayes. with me this morning, democratic congressman steve cohen of tennessee. esther from "wake-up call." ask mike, creator of "the agony and ecstasy of steve jobs." we are talking about america's economic future, china, apple. mike, you are saying something i think is very important. when we talk about the narrative of our jobs are going to china which is a phrase you hear invoked a lot in our political debates and is a kind of short hand for much larger set of issues you said something interest being actually the jobs that make the iphone. >> yes. i was making a point that those
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jobs never were in america. that job never existed in america. and this is very different than fight being the you a owe industry where there was an existing industrial base making cars in america this made sense and there was competition and in foreign countries and struggle back and forth which makes the most sense. that's a very different thing than the iphone. it isn't a car. have you an incredibly transportable -- where you make tonight the world it does not weigh that much. you can transport the distances to assemble them. there is an international arbitrage happening where you are sending the work to places where the -- lowest labor standards where you can get things assembled incredibly cheap by but also the -- taking the devices and redistributing them in places where they will pay top dollar. >> one of the things you said is everything about the device is designed with the supply chain exists in mind. >> exact. >> i designed to the kind of supply chain. one of the most remarkable moments in your show is you talk about the fact that everything
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is handmade in these factories. you have -- you are expect thing robotic high-tech future. labor is that cheap, you just -- you know, hire people to put it together. >> there is no doubt everyone's iphone of any kind, all our phones are made the same way, assembled by hundreds and hundreds of tiny hands moving in succession, one after another. i have seen that. >> let's -- what's scary about it to me is you heed this language of china it is more flexibility which is a celebration of oppressive labor standards. it has been an entire labor movement in this country in order for people to not be able to exploit workers in the way your show reveals they do. i think there is a second point. that about the notion that china's stealing our jobs. similar to the fear driven argument that immigrants are taken away this land. it is this feared driven but powerful political argument that each side is trying to hijack the democrats do it better. the idea that china takes our jobs and it is threatening --
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fragile economy on the rise. actually you are talking about celebrating the destruction of the unions and celebrating the kind of oppression of workers that this country is proud to say is not part of its record. it is really an extraordinary argument when you think about it. >> how central do you think it is when you think about the economic future of the country? labor movement and labor standards reinvigorating the labor movement. >> that's the middle class. middle class is so important and so endangered. labor movement seen that the middle class has grown, jobs that -- what -- wages and conditions and everything else. you know, dow jones averages, close to 13,000, people are saying that's great. it is great. great for those in the 1% or 2% or 3%. reflect america. a different economy. and it now reflect it is multinationals. it is what the people who have money to invest you capital gains and pay taxes like romney and 14.5%, warren buffettt you know, tax right. they are making money based on the labor of people in the text
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time industry taken away from the south over the years outside of our country. in addition to china and technology industry, and so the cheap labor that's only thing is that -- executives in new york are doing great. but the people out there in america aren't. we have to make it in america and bring jobs home. >> here's -- president barack obama's talking -- a bit in the state of the union about his economic vision. >> think about the america within our reach. a country that leads the world in educating its people. an america that attracts a new generation of high-tech manufacturing and high paying jobs. a future where we are in control of our own energy. our security and prosperity aren't so tied to unstable parts of the world. an economy built to last for hard work pays off and responsibility is rewarding. we can do this. i know would can because we have
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done it before. >> that's me cutting off the president, apologies. the state of the union. >> who do you think you are, the governor of arizona? well done. well done. >> that's president barack obama. describing, i thought, appeal -- not sort of. appealing vision about a high road economy with equity and accountability and shared prosperity. but the other side of this, i think, when we think about the relationship and strange trade relationship that's existed between america and china, the products that we own, the products that they make in china, is that we have very little concern for we want a better economy at home, of course. but there's -- hundreds of thousands of human beings in china toiling away under these conditions. it is very easy to submit to the defeatism about their law. basically i think the story you hear is that's the local economy. sweatshops are better than no shops basically. a job that pays whatever it pays
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under those conditions in dormitories where you get biscuits and tea, it is better than urban and misery which many of them have come from. there are many very, very poor people in china, you know. what's your response that? what can be done when we think about the -- actual experience of the people that make the products that we use? >> we have a labor revolution. we spent 100 years fighting for labor standards to give us -- we don't see it being radical. we have set hours. we have something called overtime. we have sick days. we have this whole universe we built up that we use as our -- as the foundation of having -- organizations like osha. >> orchestrapational safety and hazard. >> in china these things don't exist. when they do exist they are perverse dark mirrors of what we have. officially in china, the workday
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is eight hours long. >> right. >> in the books. >> right. >> i never met anyone, literally never met anyone, that heard of the idea of an eight-hour shift when i was interviewing hundreds of people over there. >> that's one of the things that -- comes up in "the times" article as well. if you lead the letter of the law, there are all sorts of protects in china. if you read the policies which is one of the largest sort of cluster of the factories, right, that produced the products, their policies have all sorts of stuff about breaks every hour and all these things. but the reality is far from that. i think the question is how do you bridge those, who has the power to make that change. >> well, i -- often point to people -- groups like apple. apple are apple as corporation is one of most profitable companies in the history of the world. they are sitting right now, for instance, on $100 billion in money in the bank. they have more money than the federal government has. p in cash. and their goal for that is they are handing on to it, you know,
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in case there is a strategic need. i argue that this is a strategic need now. they have done these things and need to take resources and they could change the supply change from the entire electronics industry forever. >> how will they do that? >> if they took -- there was a proposal, very, very strong proposal that apple should pay a dividend to the shareholders because they have all this cash then don't know what to do with it. they should pay 5% was the proposal of their moneys of the $5 billion. that's such an extraordinary amount of money compared to the nothing that has been put into -- anything in the supply chain for china. that amount of money in a foundation could change everything about how the relationship between america and china in the entire electronics industry, it could actually pave the way to make thing nonabstract argument, jobs in america if something like that changed the terms of the game
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you could talk about what america's role could be in manufacturing. you need something game changing. >> apple changed the game before. they could be changing it again. >> mike, you show apparently is illustrative of the problem. we all saw "war horse." you look at how the germans treated joey. oh, my god. look what they are doing to the animals, use it until they die. same thing chinese are doing with the workers making our iphones and ipads. when you realize what's going on, your public opinion, raising, may make apple become a better american citizen. >> apple is right now, i think, based on both the -- from your show, piece on american life and two pieces on "the new york times," it is pretty clear that there's -- they are worried about their brand. because a radical disconnect between the device we hold in our hand and one detail in "new york times" story stuck out to me so much the i will i am number dust in the corners of the eyes that work in the
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factories and that -- produce the product. mike daisy, creator and star of "thing a my and ecstasy of steve jobs." you this for the work you do. i appreciate. >> it thank you. >> we will be right back. c'mon dad! i'm here to unleash my inner cowboy. instead i got heartburn. hold up partner. prilosec can take days to work. try alka-seltzer. it kills heartburn fast. yeehaw!
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it looks like he wants some gas. how's it going, gentlemen? what's up, man? gas prices keep going up. crazy, man. but seeing how i saved hundreds on car insurance with progressive, this tank's on me. [ laughs ] you serious? i'm serious. this guy who needs gas, come on, this way, here we go. how are you, sir? okay. gas prices keep going up, right? yeah. yeah, we getting a whole free tank of gas. crazy. i've never ever had a full tank of gas in this car. fill it up with savings. you sure about that, man? i'm absolutely sure about that. all right, who's next? the dude from the progressive commercial, man,
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he just filled up our tank for us. appreciate it. take care. fill it up? free tank of gas. fill it up. thanks a lot, man. you bet. straight up, man. switch to progressive, dog. they doing a lot of good out here, man. tell him the messenger sent you. victoria from latino decisions is back with us at the table. in 2009, president obama promised to make investigating those responsible for for the housing cries ace top priority of his administration. three years later it is hard to say that that promise had been met. on tuesday president obama announced a new justice department task force to
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investigate mortgage and securitization fraud. >> i'm asking my attorney general to create a special unit, federal prosecutors and leading state attorney general, to expand our investigations into the abuse of lending and packaging and risking mortgages that led to the housing crisis. this new unit will hold accountable those that broke the law and speed assistance to homeowners and help turn the page on an error of recklessness that hurt so many americans. >> on friday the justice department announced that they had issued civil subpoenas to 11 financial institutions and today it is my great pleasure to welcome to the program one of the co-chairs of the new investigative unit new york attorney general. thanks so much for joining us. i appreciate it. >> thanks. >> i -- i want to start -- this is -- difficult in the abstract i think people understand there was a lot that -- there was a lot that happened during the housing bubble and the securitization machine that was fraudulent and that was
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misleading to investors and also to the people on the receiving ends of loans. and that ultimately precipitated the crash. i want to be a little specific about the timeline here because for the people that have been following the story, as i have very closely, your name being announced by the president to this task force, had a lot of resonance and meaning because of the back story. i want to step back to the back story which is -- every state attorney general started investigations, opened up investigations, of the bank's foreclosure practices. can you explain to people why you decided to start an investigation why all the other attorneys general started those investigations? >> well, i got elected a year -- took office a year or so ago. and -- one of the crises we were facing immediately was this wave of foreclosures. 15 million families in america that are under water. they owe more on hair homes than the homes worth. 5 million families have been foreclosure order already. millions more in the pipeline. this an immediate problem for
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attorneys general for governors all america who are dealing with these issues. my concern was that what the investigations that were under way while they were very important to focus on abuses in the foreclosure process, it is also important to get back to the conduct that blew up the economy. and my -- my concern always was we not release claims for the actual misconduct of robo sign sing bad, foreclosure abuses are bad. the housing bubble the crash, that brought down the american economy through millions of people out of work and really -- just exacerbated the gap between the middle class and the wealthy, that was man-made conduct. man-made disaster. it was not a tidal wave or sun spots as someone have it. and the goal of our investigation has always been accountability for those who looked at the economy and relief for those that are harmed and also just to stop these guys from rewriting history. quite honestly reckless deregulation that caused this
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crisis was caused by greed and recklessness in the private sector, too, but unabled by the recklessness. you listened to some of the rhetoric in -- the -- presidential campaign under o the republican side, they are dishing out the same recipe for disaster that just blew up the economy a few years ago. >> in terms of the foreclosures that -- that attorneys general found themselves facing in the state of, a lot of evidence that came out that the banks foreclosing actually didn't have the proper legal titles of the home. they didn't have the bank note, the loan. and in order to get away with that, there was robo signing scandal, banks were hiring people to sign affidavits affidavits saying don't worry, we have the loan, don't worry, we are going to foreclosure on you. the fact that the note was missing was the rotten fruit of a noise onlied tree, right? the actual entire securitization chain of custody and entire means by which loans at the point of sale were convert flood mortgage backed securities which were packaged together and sold the actual chain of custody,
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legal chain of custody, was during when the securitization machine got wram ramped up fell apart. right? >> this is what we are investigating. and -- the -- joint investigation that we kicked off on friday that -- has the -- they need three things to do this right. they need jurisdiction and combination of agencies and now working together for the first time, i'm confident we have the jurisdiction to cover every aspect of the conduct that brought about the bubble in the crash. you need the resources and i'm confident we have the resources -- commitment of resources. we will have before this is over there will be hundreds much people in the district and constituent elements of the joint investigation working on this. and you need the will. and i have to tell you, the -- president's commitment, his language in the state of the union followed up by what attorney general holder announced and my interaction of other colleagues, we have the will to pursue this. it is very important to step back as you are saying and consider the implications of things coming up in foreclosure proceedings and -- for the
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bubble and the crash. back in the decade ago, mortgage-backed security was a good investment. just a pool of mortgages, you buy a share of the -- income stream from the mortgages and -- everyone had 30-year fixed rate mortgage. i had a 30-year fixed rate mortgage. and america was still in this lend and hold model p.m. bank lent the money, paid off the bank that lent it to you. it changed into what you just called securitization machine. the point wasn't to finance people to buy homes. the point was to pour as many mortgages as you could, sell off the shares and get more mortgages. there was almost an element of desperation that took over and the need for speed created sloppiness. that's a lot of what we are investigating. that's where you see things like mortgages not getting properly deposited into trusts or mortgages didn't meet the requirements for the trust. and the implications of this go way beyond securities fraud which is a lot of people focused on.
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if you didn't have all of the mortgages in the trust, when you went to the insurers and said please insure us, locations for insurance fraud. went to the taxing authorities and said we want to have the tax status of the trust is not -- taxed twice, tax fraud is a possibility. the fact we have now got the irs on this joint investigation, the fact we got the new consumer financial protection bureau with rich and his people on this, we have the team we need to dig in on every aspect of this and where there are skateses in new york, our statute of limitations is short. you can't go back far enough in time. federal statutes are longer. the combination of folks and agencies who are in this join investigation really give me confidence that this -- we are going to be able to get at every aspect of this. >> more details about how the investigation will work and how the task force you have been charged with is going to work as well after we take this break. fn emily skinner, each day was fueled by thorough preparation for events to come. well somewhere along the way, emily went right on living.
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bp has set aside 20 billion dollars to fund economic and environmental recovery. we're paying for all spill- related clean-up costs. and we've established a 500 million dollar fund so independent scientists can study the gulf's wildlife and environment for ten years. thousands of environmental samples from across the gulf have been analyzed by independent labs under the direction of the us coast guard. i'm glad to report all beaches and waters are open for everyone to enjoy. and the economy is showing progress with many areas on the gulf coast having their best tourism seasons in years. i was born here, i'm still here and so is bp. we're committed to the gulf for everyone who loves it, and everyone who calls it home. c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance?
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here with attorney general from new york just named by president barack obama to the join of investigation of the housing fraud. and i wanted to ask you about this. when your name was announced at the state of the union, it made a lot of news in the circle of people that followed this. like i was saying. the reason is this. there have been these 50 investigations initiate bid every attorney general. there was a process by which a settlement was being negotiated, tom miller, attorney general from iowa, was heading that up. there was a lot of fear that settlement was going to be way too lenient on the banks and allow a release them essentially fromming accountability, legally release them. and there were attorneys general, yourself was one of them, we don't -- we want to make sure that there is accountability. so when your name came up as the person that had this task force, there were two theories. one was that attorney general eric snyderman has won and the other was attorney general eric
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snyderman has co-opted by the white house. i want to give you an opportunity to say which of those two it is. >> i don't -- none of the above. i mean, i don't -- this is not -- an example of me winning. did you frame up the issue. when i got elected multistate negotiation which is were going on, which have to do again with post-crash misconduct, abuses in the foreclosure process and not with what my working group is investigating which is the conduct blew up the economy in the first place. and there is a negotiation under way and when i first came into the -- banks understand -- look, i spent 15 years in a corporate law firm i would represented merrill lynch and other financial institutions. i da i am familiar with this area and these guys. then want it as broader release as they can get. if i was representing them i would, too. they want ad release from all their misconduct in return for settling claims this had to do with relatively narrow set of issues, robo signing, foreclosure abuse, it is good to have a servicing settlementment. i never objected to that. harder rules in the road going
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forward. you want principle reduction for homeowners and -- principal reduction for homeowners and a lot of good stuff in that settlement. i drew a hard line and said there is no way i'm going join if you give these guy as release from the other conduct that hasn't even been investigating yet or investigations are under way but haven't come to fruition. first rule of prosecution, you don't release claims that haven't been investigated. so -- i -- drew a line on that. it was than about me winning. sure. there was an incredible public outcry from activist groups like moveon and coalition of housing activists, civil rights groups, who -- progressive members of congress, like our colleague here and labor, organized labor. absolutely adamant that you do not release it is claims for the conduct that blew up the economy. and so -- i'm very confident now that whatever releases might be granted in the servicing sett settlement is not going to impede the investigation.
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>> in a few weeks. >> few weeks from now we will release the claims. that's not happening. the president has been absolutely clear that -- we are going after the stuff blew up the economy in our working group. we are going after the possibilities of tax fraud and insurance fraud. securities fraud. we are going to look at this stuff very carefully. we have the jurisdiction and we have the resources. we have the will. and then the servicing settlement is designed to deal with the day-to-day problems people are facing with foreclosure abuse. i know congressman cohen has been pushing for provisions to mandate mediation between lenders and homeowners. that sort of stuff has to take place. that's really very separate from tissues we are looking at. >> in terms of the resources, staff is doing researching and i was surprised to see -- going to the fbi's p website. during the savings and loan investigation, the fbi had a thousand members of the fbi. a thousand members. during the enron investigation which was one company 40 fbi
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investigators surpassed that investigation. what kind of staff are you going have. initial parts said ten fbi agents. i'm imagining that's not the whole thing. when you say resources what kind of scale are we talking about because as you -- as you noted this is very complex stuff. these are presumably if they are going to be -- civil war criminal cases brought these are very, very difficult cases to bring. there is a massive paper trail, tons of document tosz go through. what kind of scale of resources are are you going to have? >> we are going to have -- i don't know exactly but i'm sure there will be hundreds of people working on that. it is important to understand that the joint investigation does -- is not structured to stop any of us from bringing our own cases. my office will be bringing cases in the course of the next few weeks that are -- coordinated with our colleagues. but, you know, the -- people in my office who have been working on this the last eight months aren't stopping work just because we have now got a joint investigation. attorney general holder had an initial commitment that he announced to the core of the
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working group of 55 people, lawyers, we are going to be adding to that. that's just from -- that's just from the civil division of the justice department. we have folks from the consumer financial protection bureau and we have people from the u.s. attorney's offices and -- u.s. attorney walsh from colorado is another one of the co-chairs to help coordinate the activities of the u.s. attorney's offices. we are going to have hundreds of people working on this. but more importantly, overlay of injure dix, different entities, is what guarantees our ability to inquire into everything. every mortgage backed security issued in the last decade was either a new york trust or delaware trust.we collaborated d we had jurisdiction over the trusts and investor claims that have to be resolved. at some point people that bought the securities the only see them collapse have to come through new york and delaware to do it. our jurisdiction, justice, sec, irs, and consumer financial protection bureau, huge addition to the team. look at the entities in the
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working group and with the lawyers who are looking at this now, particularly my good friends and colleagues represent financial services institutions, they understanding the implications of the combination of resources and force. >> more when we come back. ♪[music plays] ♪[music plays] ♪[music plays] purina one beyond. food for your cat or dog. i refer to her as "that woman with the great gums." as jill's dentist, i know that her gums are a foundation of a healthy smile. jill knows that, too -- so she uses crest pro-health clinical gum protection toothpaste.
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ing the too big to fail banks believe, believe, this is me just speaking, believe that many of us on ten forcement side to our are as scared or more scared than they are of peeling back this onion. >> delaware attorney general biden. colleague of yours. it is fair to say. he was a guest on our show. that's him speaking to my colleague dylan rhadigan. the big question -- we have gone into the weeds and i thank you for tolerating that. the big question is why haven't we seen any accountability? this is the head-scratching question. something that defines our era. you look around and you see -- this is not a nation that has a
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problem with putting people in jail. more people in jail than any other country in the oecd. this is not a nation that doesn't have a lot of smart prosecutors. we have tons of smart prosecutors. how is at this time case three years later essentially no one at the top has been held to account? >> there -- there are a lot of investigations that have been under way. there are a lot of resources that have been brought to bear. there has been attention. there are folks that -- in -- state government, folks in local law enforcement and folks in the federal government who are hungry to go after the -- the -- misconduct that caused the crash. and there are -- there are a lot of pieces in place already. so we are not writing on a blank slate. there are a lot of private litigants that have developed information that we are going to be able to use in the join investigation. i think that the -- the clarity of the president provided this past week really was that we are going to step up on the principle of one set of rules for everyone, equal justice under law. you can't have some institutions that are protected by the law,
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not allowed to fail, and not held to account and all the other institutions and companies in america are allowed to fail. you can't have equal justice under law and have too big to fail and that's where we were stepping up this week. >> the trouble is we do have -- literally have unequal justice. we literally have a whole group of people that were allowed to fail and -- literally fell flat on their faces. this is my question. there have been so many investigations and you are saying you have this staff and clarity from the president. two words, jail time. will there be corporate criminal responsible? are people going to be behind bars? it is a real sense that might this just be more of that wonderful state of the union that's a fighting president on the side of the 99%. but actually substantively p. protecting the 1%. >> first of all, we are in an ongoing investigation and i can't get into the details. certainly the folks who have the -- criminal jurisdiction are a part of our working group. we all have the ability.
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the new york securities act is more flex nibble some way than the federal law. the combination of resources should tell you that we are looking at possible criminal liability, civil liability and array of things i have already mentioned. but i think that the -- the important thing to understand is this is not just about the president. this is about the american people having risen up over the course of last year. political atmosphere right now is so different than it was when i started this conflict over giving the banks a release a year ago. that's not because of me and not because of congressman cohen. that's because of the grassroots uprising taken place across the country. equal justice under law is the essential differentiating factor between the united states and all of the aristocracies and monarchys around when this country was formed. i realized have you congressional colleagues that think we should go back to your open. we are not taking equal justice under law back anywhere. that's america.
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that's quint american. we start the grouping work group. i can't -- i can't comment on actual results yet. but in the next few weeks, i think you will see indications that -- that this is an active investigation going forward. you will see more subpoenas and 11 were you a nounsed friday. you will see action by other agencies. you will see cases being filed. >> has there been a timeline? >> no, no timeline. but i -- assure you we are -- if we don't have some concrete results within the next six, eight months, i'm going to be very disappointed. >> congressman, esther asked -- i understand it, from the public's perspective, you want want to see people in jail and bob dylan had a great line. you steal a little in the -- put new jail, you steal a lot and make you the king. well, i don't necessarily want to see anybody in jail. i want to see deferred prosecution agreements to where these corporate criminals have to do some restitution and some remedies to the homeowners which i think -- that's what you want to see. to see that reduced principal
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and work. put them in jail, that's great to see a picture in their stripes and pick up litter or something. making sure the people are under water get the -- you know, a little -- >> what about both? as oppose to one or the other? restitution absolutely because of the billions of people that lost. shouldn't they also pay for their criminality? part of the american way, shouldn't they? >> i have no problem. don't let me be the defender of the crooks. but the big thing is getting homeowners relief. that's what you get. >> it is key to our economic recovery, couple of weeks ago, report came out by the fed who usually doesn't get involved and dictating policy or suggestions when they said if we want to get out of the economic well we are in, we immediate to fix the housing crisis. we need to get people back into their homes and figure out a way to pump that money back in. and so we are working it from all sides and i think that while we want inform see the criminals put away, let's not for goods get about the people being foreclosure order. >> i want to say something about this question of jail. i think this is important.
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there's two things that are happening, i think, sort of produced the securitization machine, produces a crisis. one of them is deregulation and -- expanding the realm of things that are legal. the fed was asleep at switch. people going to meeting with the feds saying the standards are degrade. there was an expansion of what was legal. there was -- i'm not a prosecutor but just from what research i have done and seems a lot of illegal activity. people who are -- doing things that knew are fraudulent and passing paper they knew was no good. in terms of the notion of what will prevent the next crash, i think seeing something one go to jail, one of your colleagues, has a more profound deterrent effect on the future of our financial system in many respects, than passing something like don frank in certain ways because it is personal and human. people that are at the wheel need to know they are going to be held responsible. new york state attorney general eric schneiderman, thank you for taking so much time this
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morning. >> real pleasure. thank you. >> what you should know for the ne news week ahead coming up next. ♪ [ male announcer ] from our nation's networks... ♪ ...to our city streets... ♪ ...to skies around the world... ♪ ...northrop grumman's security solutions are invisibly at work, protecting people's lives... [ soldier ] move out! [ male announcer ] ...without their even knowing it. that's the value of performance. northrop grumman. with listerine® whitening plus restoring rinse. it's the only listerine® that gets teeth two shades whiter and makes tooth enamel two times stronger. get dual-action listerine® whitening rinse. building whiter, stronger teeth. wait -- scratch that -- what makes you trust a car insurance company? a talking animal? a talking character?
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hold up partner. prilosec can take days to work. try alka-seltzer. it kills heartburn fast. yeehaw! billionaire casino owner and newt gingrich. backer sheldon adelson. we extended an invitation to him to appear on our program but his office declined. the offer remains very open. in just a second, what you should know for the week ahead. but right now it is time for a preview of "weekends with alex witt." what's coming up this morning? >> a new poll from florida this morning, everyone. it tells an interesting tale about what's happening in the republican race for president but there is more. it also shows how the president is figuring against the gop candidates in florida. we will take a very close look inside those numbers. zany super bowl ads are here. we will take a look at what that caught our eye because it pokes a bit of fun with what appears to be an apple product.
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chris, we will have fun with in a. >> thanks, alex. what should you know for the week coming up? as you watch voters go to the polls in florida, one in five residents will tino, in 2008 latinos comprised 7.4% of the national electorate and barack obama won them by a margin of 2-1. should know latinos are prjed to be an even bigger share of the electorate in this election. that polling of latinos in florida shows mitt romney ten points behind the president. you should know the latino voters care about a whole host of issues other than just immigration but that mitt romney and his party's demagoguery on immigration has real consequences. you should know one way not tone dear yourself to latino votesers emulate east haven connecticut mayor joseph maturo. when asked how he planned to reach out to the latino community in the wake much reports that police officers harassed and filed false charges against some of the town's latino residents, he had this to say. >> i might have tack owes when i go home. i'm not quite sure yet. >> you should know immigrants'
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right group made sure he had tack owes. they delivered 500 of them to his office and you should also know the mayor later apologized for the taco comment. as you con to watch money slosh around electoral system you should know donations from the finance insurance and real estate sector or fire as it is known have grown dramatically in the last two decades. report by the sunlight foundation shows political donations from the fire industry have gone from 15.4 million in 1990 to $178.2 million in 2010. a growth of 700%. you should know this is part after vicious cycle in which washington policy is essentially purchased by big finance and which then makes big finance bigger and then allows it to pour more money back into the political system you should know in the wake of the publicity surrounding this picture in which jan brewer appears to hector the president over immigration policy the book she just happens to be selling saw a 2 5 22% increase in sales in one day. moving to number five on amazon's mover's and shakers
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list. you should know the most straightforward interpretation of the entire controversy is that brewer was hoping to move some merchandise and you should know it is a sick feature of our political culture of the most brood i shall broodish be behavior comes with rewards. twitter announced this week it developed technology to block tweets that are illegal in certain countries. you should know it is still a very open question whether the values of the internet will open up closed regimes or whether closed regimes will manage to kill the values of the internet. as a gop candidates talk about barack obama's affinity for socialism in big government you should know while the private sector group in fourth quarter of 2011, the government decreased by 4.5%. according to this chart, data published by the st. louis federal reserve, federal government expenditures fell bay whopping 7% during the quarter. you should know the austerity class won and our economic outlook on improving
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encouragingly would be better if they 00. finally, you should know that in the wake of the president's singing this little bit from an al green song -- >> ♪ i'm so in love with you >> the song had its most successful week of online sales since 2003 when nielsen first started tracking. the 16,000 sales that week represent ad nearly 500% jump. most obama supporters, however, still like his early stuff. i guess we are going to come back and tell us what they think we should know this week right after this. ♪
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my guests are back to tell us what we should know as the news unfolds this week.
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congressman steve cohen from the city of memphis, tennessee. first explain your button. people on twitter have been asking about it. snie eli is eli manning. if you're from the mid south, which memphis is the capital thereof. the mannings are like kennedys. they're great guys. i think eli is going to -- eli is coming. they couldn't say it better. >> all right. that's the mid south is behind the new york giants on this day. >> i think so. even though got skou ki who kicks for the patriots is from memphis. eli will beat him with a touchdown. memphis is not just the home of elvis and justin timberlake but al green. love and happiness is just as good to buy. accepted him money into the district. the big bill is the transportation reauthorization. it's a very important bill and we need to invest in
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infrastructure to help our economy. we're falling way behind. we're like 16th in infrastructure investment in the world. i don't think this bill is going to do ha it needs to o do because of funding. i think the chairman will suggest it to be oil and gas to fund it. we need to increase the gas tax. nobody will say that. the president talked about savings from getting out of iraq and afghanistan. we need to deal with the reality of the crumbling infrastructure. we need to be determined and right even in an election year. we won't do the things we need do. >> democratic congressman making news. calling for a raise in the gas tax. that's good of you. i agree. esther armah, what should folks know? >> heading into the florida primary on tuesday, there's a new website about latino mums and their daughters. >> mommy verse.com. >> maria cardona, the political
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analyst is saying that latino moms and their daughters are essentially the new soccer moms for the vote. it's an important part of the demographic to explore. we did a segment with her. she was talking about what eric schneiderman spoke about. so it's basically a call to action to the republican party like you can't take it for granted. they're watching it. >> mommy verse.com. we've been putting up links to things that we mention during the show. we'll get that up on the website. louise jordan, what should folks know? >> watch egypt and the american aid workers. my very good friend samuel hood is -- sam la mood is one of them. >> his father is the secretary of transportation.
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the egyptians basically detained him on wednesday at the cairo airport. we give them $1.3 billion in aid every year. we have to use that as leverage to get these americans home. >> the egyptian -- egypt, of course, just observed the one-year anniversary of the uprising and the government now in power which we talked about. supreme -- which is essentially a set of generals that launder power under mu bark. >> when i spoke to salmon friday, the civil society groups are so concerned. there are nearly 300 groups shut down. and his office was raided. an amazing democracy promotion work. he's scared for the local staff especially because the repercussions that they face for fighting for freedom, for fighting for liberty, for fighting for pluralism, it's terrifying. >> i did not know.
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i will confess, i did not know that. >> check the daily beast on this very topic today. >> all right. we'll tweet that out. put it up on the website as well. victoria defrancesco soto. >> we started off looking at the negative ads that the romney camp is airing towards gingrich. we're going to see a growing negativity of the ads, especially because we have super pacs. you can be negative and not even lend your name or face to it. we're going to see both the candidates and the super pacs launching all these ads. what i think is going to happen, we'll reach a critical point where it starts to doe mobilize the electorate. we'll see diminishing returns of the negative ads where people are going to say i don't want to support anybody. i don't want to be part of this negativity. >> it always goes up, voters will say, voters always say i hate the negative ads and political strategist say they're effective which is true. >> to a certain extent.
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we've seen that in the data. but to a certain extent it can rile you up, it gets you angry. i want to make a difference. when day-in, day-out you're hammered on it from tv, media. that's it. >> all right. thank you so much. it's great to have you all here. i really enjoyed this morning. i'm shouting y'all out for you. thanks to congressman steve cohen of tennessee, esther armah, former connie rice speech writer, elise jordan and victoria defrancesco from university of texas austin. thank you for joining us. we'll be back next saturday at 7 a.m. eastern time and sunday at 8:00. our guests include fred marm sen from saturday night live and jody cantore and author of "how to be black." up at msnbc.com for more info on upcoming programs. up next alex witt.
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